Also read: $4
As per the term-sheet, which was signed over the weekend, Gurgaon-based Snapdeal is valued at about $1 billion.
Also read: $4
Nexus Venture Partners, Snapdeal’s early investor holding veto rights under its shareholders agreement, agreed to the sale a few days back.
If all the stakeholders in Snapdeal $4, Nexus, with an investment of $43 to $45 million for about a 10% stake, could receive about $60 million.
Additionally, $4, which holds 8% share in Snapdeal, could get up to $30 million after the deal. Not only this, the founders of the company, $4 and Rohit Bansal, will also get an estimated $30 million subject to approvals from the majority, if not all of, Snapdeal's shareholders.